Notable Call Options Activity in Synovus Financial

Shares of Synovus Financial

are lower on the session by 7.64%, currently trading at $1.33. The stock has been moving largely lower over the past three weeks and is currently trading below the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest volume is the February 2012 $1.50 call, which has traded 740 times on open interest of 2,886 contracts. The Jan2012 $1.50 call also traded 635 times on 1,870 contracts. Calls are outpacing puts today. Synovus Financial Corp. is a financial services company and a registered bank holding company. The company provides integrated financial services, including commercial and retail banking, financial management, insurance and mortgage services to its customers through 30 locally branded banking divisions of its wholly owned subsidiary bank, Synovus Bank, and other offices in Georgia, Alabama, South Carolina, Florida and Tennessee.